The company intends to use the funding for ongoing trials with lead customers, expansion of sales and distribution capability, and development of its core product offering, Spectrum.

Led by co-founder and CEO Brian Collie, SeaWell Networks provides software for service providers to manage and optimize the delivery of HTTP adaptive bit rate (ABR) streaming video to any device or platform. Its adaptive bit rate (ABR) management solution, Spectrum, simplifies the delivery of video while enabling new ways to monetize content.